Investment Funds
in Central America
Thursday, May 24, 2012
The Panamanian Chamber of Commerce supports the creation of a sovereign fund and recommends separate discussion of matters relating to limiting the fiscal deficit.
A statement from the Chamber of Commerce, Industries and Agriculture in Panama (CCIAP) reads:
Wednesday, April 25, 2012
The Fondo de Ahorro de Panamá (Panama Savings Fund) aims to be a mechanism for economic stabilization and savings for natural disasters or economic crises.
"The Cabinet has approved a bill proposing the creation of a sovereign fund called the ‘Fondo de Ahorro de Panamá ‘(FAP), which according to a statement from the presidency will have two parallel objectives: National savings for future generations and economic stabilization in case of predetermined situations such as natural disasters or economic crises," reported Capital.com.pa.
Friday, April 13, 2012
A new reform is being prepared containing the rules governing the activities of Pension Fund Administrators, seeking to improve the profitability of the contributions for all contributors.
The Salvadoran government is preparing a second reform of the law on Pension Fund Administrators (AFP), and other possible changes.
Tuesday, February 28, 2012
According to government projections, Panama's future sovereign fund will have $12.5 billion in assets by 2025.
This fund will be used to combat natural disasters or adverse economic circumstances.
"Every year, of the contributions generated by the Canal to the State, a portion will go to the National Treasury - the equivalent of 3% of gross domestic product (GDP) - and anything in excess of that amount will be saved" in the sovereign fund, explained Prensa.com.
Thursday, January 26, 2012
Aldesa introduced an investment fund made up of $100 shares to finance the Ad Astra Rocket Company, which is developing a plasma engine for space travel.
A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.
Tuesday, January 3, 2012
With a growth rate of 7.5%, the country attracted $3 billion in foreign direct investment (FDI).
The Minister of Economy and Finance, Frank De Lima, said that implementation of Law No. 41 of August 24, 2007, which created a special regime for the establishment and operation of multinational companies, was a key factor for attracting FDI.
Monday, December 19, 2011
The fund, which will receive the additional revenue generated by the Panama Canal when the new locks come into operation, will be the Government’s main task next year.
The Minister of Economy and Finance in Panama, Frank De Lima, in a meeting with the press, said that the priority for his department will be to create a draft bill to be debated in the political and social arena before being sent to the National Assembly.
Monday, December 12, 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
Tuesday, November 15, 2011
The regulations for the investment of venture capital funds, which were recently published by the Superintendency of Securities, have generated positive expectations from market participants.
Although there are differences of opinion, most experts in the field feel the addendum to the regulation of investment funds covers all the minimum elements that must be detailed in an instrument of this nature.
Monday, November 7, 2011
The primary objective of this scheme is the temporary investment in private bonds of recommended companies, which have not been registered on a stock market over the past five years.
Costa Rica’s National Council of Financial System Supervision approved the regulations covering the operation of the long-awaited Venture Capital Funds.
These instruments are an alternative for financing projects or companies, especially those which by their nature have limited access to traditional funding mechanisms.
Monday, August 1, 2011
The fund will collect the additional revenue generated by the Panama Canal when the new locks come into operation.
Alberto Vallarino, Minister of Economy and Finance, explained that it will function as a stabilization fund, ensuring that budgets are balanced and without deficit, adding that its management will be totally independent from the government.
Thursday, July 28, 2011
The connection between entrepreneurs with good ideas and sophisticated investment professionals results in venture capital funds.
For years, experts in this type of investment have tried to promote the development of a format that will allow the participation of several sophisticated investors in the financing of enterprises that require resources for their development.
Tuesday, May 3, 2011
Four businesses have acquired part of the investment fund management company .
The sale of this subsidiary of Interbolsa is the latest in the list of changes and restructuring experienced by the Group since 2009, when it closed its money exchange office.
Friday, February 4, 2011
According to a Constitutional Court decision, contributions to all pension funds may be deducted from taxes.
Before this decision only contributions to pension funds authorized by the Superintendence of Banks were deductible from income tax (ISR).
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